Prestige Estates signs SPA to acquire 100% of Allure Developers Private Limited
Prestige Estates Projects · Realty
Key highlights
- Share Purchase Agreement signed on November 6, 2026 for 100% of Allure Developers Private Limited, which becomes a wholly owned subsidiary.
- Cash consideration payable in tranches of upto INR 5,237.6 million; the transaction is to be consummated on or before 7 working days.
- Allure is a real estate developer (incorporated 2013) building a residential project at Sector 150 Noida; turnover FY 2025-26 was INR 1.23 million, against INR 0.1 million in FY 2024-25.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.